Integrated Facility Solutions, a Portfolio Company of Warren Equity Partners, Is Pleased to Announce the Acquisition of Multigas Detection
Release Date: For Immediate Release
HOUSTON--(BUSINESS WIRE)--Multigas Detection Inc., (“Multigas” or the “Company”) based in Alberta, Canada, specializes in the sale, service, and calibration of fixed gas detection systems throughout Canada. Multigas was acquired by Warren Equity’s portfolio company, Integrated Facility Solutions (“IFS”), as part of their strategy to grow the fixed gas detection business of Concept Controls, Inc. (“Concept Controls”). Concept Controls is a safety, industrial hygiene, and environmental monitoring portfolio company of IFS. Shiku Patel, General Manager of Multigas, will remain with the Company going forward. Financial terms of the transaction were not disclosed.
Multigas distributes, services, calibrates, and maintains mission-critical fixed gas detection systems, variable frequency drives, and fire protection equipment. From their Alberta grassroots beginning over 35 years ago, the Company has rapidly grown into a fixed gas lifecycle solutions provider with best in class, factory-certified field technicians. Multigas partners with leading global brands and manufacturers including Honeywell, Armstrong, and Opera, amongst others. The Company services customers through multiple verticals, including government, manufacturing, energy, and commercial buildings. Multigas has office locations across Canada.
“We are excited to partner with the Multigas team. Their technical expertise and focus on best in class customer service align well with the core values at Concept Controls,” said Mike Stephens, President of Concept Controls. “This partnership addresses a key piece of our growth strategy by expanding our portfolio and core service capabilities, which will allow us to better serve our customers and position us for continued growth and market share expansion”.
“Multigas always strives for the highest standard of quality, excellence, and integrity. We are excited to partner with Concept Controls and IFS, as we embark on our next stage of strategic growth.” said Shiku Patel, General Manager of Multigas. “Concept Controls and IFS have a similar culture, which was important to our organization as we chose our next partner.”
About Concept Controls Inc.
Based in Alberta, Canada, Concept Controls distributes, services, and rents industrial safety equipment throughout North America. The Company’s products include gas detection, environmental monitoring, and industrial hygiene equipment for the industry’s leading manufacturers. As a trusted partner for providing safety solutions to customers, the Company has been built on providing exceptional service, advice, and the best products on the market.
About Integrated Facility Solutions (IFS)
IFS is a Warren Equity Partners platform company focused on building an integrated facility services organization by executing a “buy, build and grow” strategy in the mid-market space. IFS has identified the safety, productivity, and environmental sectors as focused end-markets. IFS partners with companies that leverage technical expertise, technology, and customer centricity to differentiate themselves. The team is dedicated to transforming the technology, connectivity, data analytics and optimized user experience of partner companies by driving operations and commercialization. For more information, please visit www.ifsconnects.com.
About Warren Equity Partners
Warren Equity Partners is a private equity firm that invests in lower middle market companies primarily in North America. The firm invests in established companies where additional capital and operating resources can accelerate growth, targeting companies in the industrial services, industrial products, business services, and distribution sectors. Warren Equity invests in the form of buyouts, growth equity, and recapitalizations. For more information, please visit www.warrenequity.com.
About Multigas Detection Inc.
Based in Alberta, Canada, Multigas Detection distributes, services, calibrates, and maintains fixed gas detection systems, variable frequency drives, and fire protection equipment. Founded over 35 years ago, Multigas is the one and only specialized fixed gas detection service provider utilizing factory certified and trained technicians, which provide the highest level of service. The Company operates under four distinct brands: Multigas Detection, Reltech Drives & Controls, Valley Technologies, and Fireshield Technologies. The Company maintains offices in Alberta, Manitoba and Saskatchewan. For more information, please visit https://multigasinc.com.
Mike Stephens, President